Nextera Corp has $842,700 in sales. The profit margin is 7.25 percent and the firm has 18,500 shares of stock outstanding. The market price per share is $52.50. What is the price-earnings ratio?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 13P
icon
Related questions
Question

General Answer

Nextera Corp has $842,700 in sales. The profit margin is 7.25 percent and
the firm has 18,500 shares of stock outstanding. The market price per share
is $52.50.
What is the price-earnings ratio?
Transcribed Image Text:Nextera Corp has $842,700 in sales. The profit margin is 7.25 percent and the firm has 18,500 shares of stock outstanding. The market price per share is $52.50. What is the price-earnings ratio?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning